Sustainable development policy institute - Latest News Update, Information, Photos & Videos on Sustainable development policy institute at Lokmat Times

Food prices that began to surge in 2018 continues to shoot higher even in 2021 in Pakistan.The rise in the price of per kilo vegetable ghee has been 27 per cent consecutively for the last three years. The price of cooking oil has shot up to 23pc, Sugar to 22pc and pulse to 21pc since October 2018. The rise in the flour price each year since 2018 has been 15pc, according to Dawn.The newspaper reported that the food inflation of Pakistan has remained in the double digits for the last two years barring a couple of months.Executive Director of the Sustainable Development Policy Institute, Abid Qaiyum Suleri credited the high cost of imported fuels in the international market for the rise in prices in the country."Food prices tend to go up as soon as the rates of petroleum products increase," Dawn quoted Suleri as saying.The last three years have seen the rise in petrol and diesel prices by 14pc and 8pc respectively. There has been a rise in the per-unit rate of electricity by 16pc per annum during this period."The second most important trigger is the flour price. People use it as a benchmark. Any increase in the flour rate automatically leads to a jump in food prices across the board," Dawn quoted Suleri as saying.The food items like cooking oil, sugar and chicken have witnessed a rise in price to 88pc, 83pc and 60pc respectively, reported Dawn.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Sustainable Development Policy InstituteFOLLOW

Sustainable development policy institute, Latest News

International :Pakistan's new government faces tough challenges, warn economists

Economists have warned that rising inflation would pose a major challenge for Pakistan's incoming government and it would have to reverse so-called relief measures announced by the Imran Khan government. ...

International :Food prices surge for third consecutive year in Pakistan

Food prices that began to surge in 2018 continues to shoot higher even in 2021 in Pakistan. ...